Choreo LLC Sells 2,807 Shares of Chart Industries, Inc. $GTLS

Choreo LLC decreased its stake in Chart Industries, Inc. (NYSE:GTLS) by 58.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,993 shares of the industrial products company’s stock after selling 2,807 shares during the period. Choreo LLC’s holdings in Chart Industries were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. PACK Private Wealth LLC acquired a new position in shares of Chart Industries in the 3rd quarter valued at about $2,342,000. Atlantic Investment Management Inc. grew its stake in Chart Industries by 33.7% during the second quarter. Atlantic Investment Management Inc. now owns 274,699 shares of the industrial products company’s stock worth $45,229,000 after purchasing an additional 69,300 shares during the period. New York Life Investment Management LLC increased its holdings in Chart Industries by 881.1% in the third quarter. New York Life Investment Management LLC now owns 46,858 shares of the industrial products company’s stock worth $9,379,000 after purchasing an additional 42,082 shares in the last quarter. Anderson Financial Strategies LLC acquired a new position in Chart Industries in the third quarter valued at approximately $1,512,000. Finally, TimesSquare Capital Management LLC acquired a new position in Chart Industries in the second quarter valued at approximately $22,064,000.

Analysts Set New Price Targets

GTLS has been the subject of a number of research reports. Weiss Ratings restated a “sell (d+)” rating on shares of Chart Industries in a report on Monday, December 29th. Zacks Research upgraded shares of Chart Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Chart Industries has a consensus rating of “Hold” and an average target price of $204.10.

Chart Industries Price Performance

Shares of NYSE GTLS opened at $207.23 on Friday. The stock has a market cap of $9.92 billion, a price-to-earnings ratio of 797.07, a PEG ratio of 0.79 and a beta of 1.73. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.15 and a current ratio of 1.36. Chart Industries, Inc. has a fifty-two week low of $104.60 and a fifty-two week high of $208.24. The firm’s 50-day simple moving average is $207.06 and its 200 day simple moving average is $203.39.

Chart Industries (NYSE:GTLS) last issued its quarterly earnings data on Friday, February 27th. The industrial products company reported $2.51 EPS for the quarter, missing the consensus estimate of $3.48 by ($0.97). The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Chart Industries had a return on equity of 13.55% and a net margin of 0.95%.The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period last year, the company earned $2.66 earnings per share. As a group, research analysts anticipate that Chart Industries, Inc. will post 9.02 earnings per share for the current fiscal year.

Chart Industries Profile

Chart Industries, Inc (NYSE: GTLS) is a leading global manufacturer of engineered equipment for the storage, distribution and end-use of hydrocarbon and industrial gases. The company specializes in cryogenic systems and components, serving key markets such as energy, chemical processing, industrial gas, food and beverage, and medical gases. Chart’s product portfolio includes large-scale cryogenic storage tanks, vaporizers, heat exchangers and pump systems designed to maintain gases in liquid and gaseous states under extreme conditions.

Founded in 1992 and headquartered in Ball Ground, Georgia, Chart Industries has evolved through targeted acquisitions and organic growth to expand its technological capabilities and geographic reach.